Latest news with #SusanRussell
Finextra
5 days ago
- Business
- Finextra
Bank of Ireland launches kids account
Bank of Ireland has launched a new current account designed for children and young teens between the ages of seven and 15. 0 Family or friends can lodge money directly into the 'Smart Start' account and, uniquely in the Irish market, parents/legal guardians can set up an account for each of their children for free. The account, which is owned by the parent/legal guardian, comes with extensive parental controls and safeguards, including spend limits and alerts, as well as access to Bank of Ireland's 24/7 fraud team. There is no monthly fee, the child has access to their own app and debit card, and deposits can be made online and in 1000 locations across Ireland, including Bank of Ireland branches and An Post locations. Customers can also open a 'Smart Start Money Pot' as part of their application. This is a separate deposit account managed by the parent/legal guardian, with a variable interest rate of 2.0% AER. Susan Russell, CEO Retail Ireland, Bank of Ireland says: 'We designed the Smart Start Account so children and young teens can learn real-life money skills and build good spending and saving habits. "We want to safeguard children from the increasing threat of fraud, so we included extensive protective features to enhance their financial wellbeing, including access to our 24/7 fraud helpline.'
RTÉ News
15-05-2025
- Business
- RTÉ News
Many consumers have low understanding of credit and borrowing, research shows
Many Irish consumers have low understanding of credit and borrowing, new research shows. Bank of Ireland's Financial Wellbeing Index reveals that consumers answered almost half of questions incorrectly in a financial literacy test. This included topics such as personal loans, overdrafts and credit cards. While over 60% knew the effect of interest on their monthly loan payments, just 19% understood how to limit the interest paid on a credit card. In order to help customers with decisions around borrowing, Bank of Ireland has introduced a new online calculator. It aims to help customers understand the products available and choose the right product based on their specific needs. "Making the right decisions and choices has a critical impact on our financial wellbeing over the course of our lives," said Susan Russell, CEO, Retail Ireland, Bank of Ireland.
Irish Examiner
10-05-2025
- Business
- Irish Examiner
Iconic Bank of Ireland buildings which once housed Irish parliament set for €36m renovation
A €36m investment to restore Bank of Ireland's iconic College Green buildings is underway which will see restoration and repair of 280 windows, 45 staircases, and 2.5kms of roof walkways. Dublin-based John Paul Construction has been appointed as main contractor for the works, which will take three years. Bank of Ireland bought the former Irish parliament building in 1803 and opened it to the public as a banking hall in 1808. College Green has served as a bank ever since, making it one of the oldest banking halls in continuous use anywhere in the world. The first of College Green's 80 rooflights, some of which date from the 1800s, have already been removed, restored and replaced. The overall project will involve the repair, upgrading and restoration of College Green's 280 windows, 45 staircases and 200kms of electrical cabling, as well as its 54 roofs. On completion the project will see improved customer facilities and workspaces for employees. The College Green bank branch will remain open for business during the works. "As custodians of this special building, and after an enormous amount of planning and preparation, we're excited to see work get underway. Over the next three years this major investment will breathe new life into College Green, carefully conserving its historic fabric while modernising its energy and heating systems and upgrading spaces for customers and colleagues," said Bank of Ireland Retail division chief executive Susan Russell. "When completed, it will help ensure that College Green continues to play an active part in the future of Bank of Ireland and the city of Dublin. Our branch will remain open for business as usual during the works with minimum disruption to customers.'
Irish Times
09-05-2025
- Business
- Irish Times
€36m restoration works begin at Dublin's famous College Green bank
Restoration works have begun at Bank of Ireland's branch on College Green, one of Dublin's most important historic buildings, as part of a three year €36 million project. Built to house the Irish parliament in the 18th century, the building has been home to the bank since 1803 following the Act of Union, opening to the public five years later. It is one of the oldest banking halls in continuous use in the world. While it has been maintained and adapted for modern use over the years, many of its oldest features have been largely untouched including some windowpanes which were part of the original structure. The renovation, to be performed by Dublin-based John Paul Construction, will include the repair, upgrading and restoration of 280 windows, 45 staircases and 200 kilometres of electrical cabling. Work will also be done on the building's 54 roofs and 2.5 kilometres of roof walkways. READ MORE A number of College Green's 80 roof lights have already been restored or replaced as part of the works. The chief executive of Bank of Ireland's retail division, Susan Russell, said an 'enormous' amount of planning and preparation had gone into the restoration project. She said the restoration project will 'breathe new life into College Green' noting that the works will conserve the historical elements of the building while modernising its internal energy and heating systems. There have been calls in the past for the famous pillar-lined structure to be returned to State-ownership. However, the bank reinforced its interest in the building saying the works will 'help ensure that College Green continues to play an active part in the future of Bank of Ireland and the city of Dublin.' Liam Kenny, managing director of John Paul Construction, said he is 'both proud and excited' to be carrying out the works on the building. 'The unique nature of the building combined with the craftsmanship required to restore it to its former glory will make this a fascinating project to be involved in and continues our strong legacy of contributing to Ireland's architectural landscape through the years,' he said. The historical building, which is still used as a working bank branch, is also home to the bank's office spaces for its personal, business and corporate divisions. The branch will continue business as usual during the construction, the bank said.
RTÉ News
09-05-2025
- Business
- RTÉ News
Bank of Ireland begins €36m College Green revamp work
Dublin-based John Paul Construction has been appointed as the main contractor for a three-year, €36m investment in Bank of Ireland's College Green buildings in Dublin city centre. The project will involve the repair, upgrading and restoration of College Green's 280 windows, 45 staircases and 200 kilometres of electrical cabling, as well as its 54 roofs and 2.5 kilometres of roof walkways. There will also be improved facilities for Bank of Ireland customers and workspaces for workers. Bank of Ireland bought the former Irish parliament building in 1803 and opened it to the public as a banking hall in 1808. College Green has served as a bank ever since, making it one of the oldest banking halls in continuous use anywhere in the world. As well as being a working bank branch, College Green provides office space for Bank of Ireland staff in personal, business and corporate lending, and a wide range of support functions. Bank of Ireland said its College Green bank branch will remain open for business as usual (Monday-Friday from 10am until 4pm) during the works. Susan Russell, Chief Executive of Bank of Ireland's Retail Ireland division, said that as custodians of this special building, and after an enormous amount of planning and preparation, the bank was excited to see work get underway. "Over the next three years this major investment will breathe new life into College Green, carefully conserving its historic fabric while modernising its energy and heating systems and upgrading spaces for customers and colleagues," she said. "When completed, it will help ensure that College Green continues to play an active part in the future of Bank of Ireland and the city of Dublin. Our branch will remain open for business as usual during the works with minimum disruption to customers," she added. Liam Kenny, Managing Director of John Paul Construction, said the unique nature of the building combined with the craftsmanship required to restore it to its former glory will make this a fascinating project to be involved in. "It continues our strong legacy of contributing to Ireland's architectural landscape through the years," he added.
